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An update from Sky Metals Limited ( (AU:SKY) ) is now available.
Sky Metals Limited has reported a change in the indirect holdings of director Richard Hill, involving entities through which he holds interests, including Silverpeak Nominees Pty Ltd and the Switchkickers Super Fund. The transaction saw the conversion of 1,250,000 performance rights into fully paid ordinary shares at nil cash consideration, resulting in Silverpeak Nominees increasing its holding to 15,550,000 fully paid ordinary shares while the performance rights were cancelled. The disclosure, made in accordance with ASX requirements, reflects a shift in the composition of Hill’s equity interests from performance-based securities to ordinary shares, but does not indicate any change in his overall engagement with the company or broader strategic direction.
The most recent analyst rating on (AU:SKY) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.
More about Sky Metals Limited
Average Trading Volume: 1,757,960
Technical Sentiment Signal: Buy
Current Market Cap: A$149M
For detailed information about SKY stock, go to TipRanks’ Stock Analysis page.